Which of the following is / are eligible to receive Ways and Means Advances from RBI to handle their temporary mismatch in the cash flow? 

  1. State Governments
  2. Central Government
  3. Public Sector Companies
  4. Indian Railways

Select the correct option from the codes given below:

Answer: [A] Only 1

WMA is a tool by RBI to help state governments when there is a temporary mismatch in the cash flow of the receipts and payments. RBI makes WMA to the state governments for a period of 90 Days with an overdraft facility of 14 days.

This question is a part of GKToday's Integrated IAS General Studies Module